C-HIT 401(K)

Plan Contact

  • Address: 10480 LITTLE PATUXENT PKWY,,COLUMBIA,MD
  • Contact person: MADHAVI RAVELLA
  • Phone: (301) 850-0634

Plan General Information

C-HIT 401(K) Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of C-HIT 401(K) is $7,942,462.00.This plan was established in 2015.

C-HIT 401(K) Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in C-HIT 401(K) is 198

C-HIT 401(K) Average Participant Retirement Account Value

In 2023, the average participant retirement account value for C-HIT 401(K) is $40,113.00

C-HIT 401(K) Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for C-HIT 401(K) is $4,436.00.

C-HIT 401(K) Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in C-HIT 401(K) is approximately $1,571.00
Investing in this additonal $1,571.00 for 20 years would give you extra $100,567.00, assuming a 10% annual return.

C-HIT 401(K) Total Employer Contribution and Match Rate

In 2023, C-HIT 401(K) allocates $311,132.00 to match its employees' contributions, providing an employer match rate of 40.31% of their contributions

C-HIT 401(K) Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of C-HIT 401(K) is 19.96%.

C-HIT 401(K) Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for C-HIT 401(K) is 19.75%. This measures the effectiveness of the plan participants' investments in the year.

C-HIT 401(K) Expense Ratio

In 2023, the investment and administrative expense ratio of C-HIT 401(K) is 0.07%.

Enrollment Features

C-HIT 401(K) has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.


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